MESSAGE FROM THE BOARD OF DIRECTORS
The Company foresee growing demand for international connectivity especially connectivity to CLMV countries (Cambodia, Laos PDR, Myanmar and Vietnam) that having high economic growth rates. Thus, we envision and set path to develop ourselves to become a Regional Network Service Provider to support a mission to be telecom hub within next 5 years.
In 2016, despite lackluster economic situation in Thailand and ASEAN, demand in telecommunications business continued to grow due to new development in the industry. Symphony Communication Public Company Limited, a high speed optical fiber cable network service provider was able to maintain continuous revenue growth due to dedication to modernized networks and service that can meet changing technology and market requirements.
The Company recorded total revenue in 2016 in the amount of Baht 1,389 million, grew Baht 76 million from last year, mainly from International Private Leased Circuit (IPLC) and Premium Broadband segments. The Company foresee growing demand for international connectivity especially connectivity to CLMV countries (Cambodia, Laos PDR, Myanmar and Vietnam) that having high economic growth rates. Thus, we envision and set path to develop ourselves to become a Regional Network Service Provider to support a mission to be telecom hub within next 5 years. For this reason, we joint invest in Malaysia-Cambodia-Thailand (MCT) Submarine Cable System Project with other telecom operators in neighboring countries, Malaysia and Cambodia to build MCT submarine cable system to support growing communication traffic in ASEAN. The project will be ready for service in April 2017. It will mark a significant milestone for the Company as the first Thai private company to build and operate international submarine cable network system and enhance competitiveness in IPLC market that the Company can provide international connectivity via both terrestrial and submarine networks. In addition, the excellent location of Thailand that situated at center of ASEAN countries, is perfect to be an alternative International Telecom Network Route for telecom operators in neighboring countries and develop opportunity for sustainable growth in telecom market.
Apart from investment for high efficient network to support revenue growth, the Company also increase efficiency of cost control both in inventory management and procurement, as well as process streamlining to keep competitive cost while maintain service quality at premium level.
Last but not least, the Board of Directors is determined to lead the Company to do business with fairness, transparency and good governance. The Company focus on maximizing the potential of our people to drive strong growth and create sustainable returns to all stakeholders. We thank shareholders, business partners, suppliers, financial institutions, customers, employees and all stakeholders for your trust and strong support.
Mr. Kranphol Asawasuwan
Chairman of theExecutive Committee
Chairman of the Board